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Advent International
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Advent & Stripe Abandon $50B PayPal Bid
Advent International and Stripe withdrew a previously proposed over $50 billion offer for PayPal, per Bloomberg.
PayPal’s shares fell 12.7% to $53.66 in after‑hours trading following the news.
The com
Advent & Stripe Abandon $50B PayPal Takeover
Advent International and Stripe ended talks on a potential PayPal takeover valued at over $50 billion.
The abandoned bid could have been among the largest leveraged buyouts ever attempted.
PayPal’s sh